Is this rental income just added on as income during filing in addition to my income from my main job?

You need to know the NOI so ask the seller for the income and expenses for the last few years.

The low income population the drafters are trying to help are already, in large, being given 60 day notices as most utilize the AK sect 8 voucher system.

We do not draw any income from the partnership outside of property management - 8% monthly per unit and one month rent for tenant placement.

But if an when the cycle recovers, the valuation will be quite different in the end.The total return also includes income and this varies depending on the deal.

By strategically acquiring and managing properties, I aim to create a portfolio that generates consistent income streams, allowing for long-term financial security and freedom.

(To increase income numbers).

By rich I mean they completed an application, paid the screening fee and we show that their income is sufficient to cover all of their own expenses plus pay for rent and any damages at the unit we are renting their child.

Typical rates are 8-12% of income either monthly or yearly depending on manager.

I’m gonna be totally honest with you, it’s extremely hard if not impossible to replace a full time 40 hour a week with rental income at least in the shorter, it’s the type of thing that helps you retire a little early and have a buffer in retirement, my grandmother has been in poor heath for years, those properties have allowed us to give her the best care possible, if you don’t already own a home and feel comfortable with your budget and the ability to live in that house for  at least a few years, I’d get started on that don’t even need to over complicate it, find a budget, find a house you like and can see yourself in at least for the medium term buy it.